Businesses boost jobs ‘for first time in two years’ yet interest rate hike looms

Businesses boost jobs ‘for first time in two years’ yet interest rate hike looms

The Bank of England is likely to raise interest rates several times in the coming months after businesses increased their headcount for the first time in over two years, analysts have predicted.  Survey figures released by S&P Global, which are closely monitored by government officials and central bankers, showed stronger activity across services firms.   The dominant sector posted the fastest level of growth since February while greater demand …

Rate-Hike Odds Rise As US Services Surveys Disappoint: Growth Strong But Inflation Stronger

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UK interest rates increase expected after services sector activity accelerates

Purchasing manager’s index at eight-month high, bolstered by spending on AI as firms regain momentum since start of Iran war * Business live – latest updates The Bank of England is expected to raise interest rates on Thursday after a closely watched survey showed growth across the UK’s services sector leapt last month to an…